quantitative easing

The Federal Reserve’s massive bond buying stimulus program has been in and out of the news for months as the Fed hints at tapering it down, only to backpedal in light of changes to the economic picture. But even as the Fed continues its will they, won’t they dance, a former architect of the program...

QE3 isn’t a luxury liner. “Quantitative easing” is an instrument of the Federal Reserve designed to keep mortgage interest low and stimulate economic recovery. The “3” means the current incarnation of this strategy is the third attempt to reinvigorate the economy after the poor outcomes of...